Quote:
Originally Posted by Baraka_Guru
Fiscal conservatism is self-contradictory in the context of today's economic environment. It wants to reduce spending, which is fine if spending isn't getting the return it should. And I understand that with the reduction of spending, you will have an easier time balancing the budget, which is great. However, lowering taxes at the same time is counterproductive, especially when you think about actually paying off the public debt, and especially when taxes are relatively low to begin with.
Why reduce spending only to reduce income and still hope to balance a budget and pay down debt?
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The fact remains, as most (other than the "fiscal conservatives") acknowledge, you cant reduce spending AND cut taxes AND expect to lower the annual deficit or paydown the debt, as proposed in the new Republican "Pledge to America."